N+1 Singer Reiterates Hold Rating for Synthomer PLC (SYNT)
Synthomer PLC (LON:SYNT)‘s stock had its “hold” rating reissued by stock analysts at N+1 Singer in a report released on Wednesday. They currently have a GBX 385 ($4.77) price objective on the stock. N+1 Singer’s price target would indicate a potential upside of 9.13% from the company’s previous close.
Several other brokerages have also commented on SYNT. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a GBX 345 ($4.27) price target on shares of Synthomer PLC in a research note on Wednesday, August 10th. Deutsche Bank AG upped their price target on Synthomer PLC from GBX 415 ($5.14) to GBX 450 ($5.57) and gave the company a “buy” rating in a research note on Wednesday, August 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 285 ($3.53) price target on shares of Synthomer PLC in a research note on Wednesday, August 10th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 400 ($4.95) price target on shares of Synthomer PLC in a research note on Wednesday, August 10th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 386 ($4.78) price target on shares of Synthomer PLC in a research note on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 374.85 ($4.64).
Shares of Synthomer PLC (LON:SYNT) opened at 349.70 on Wednesday. Synthomer PLC has a one year low of GBX 272.66 and a one year high of GBX 390.60. The firm’s market cap is GBX 1.19 billion. The firm has a 50-day moving average price of GBX 364.97 and a 200 day moving average price of GBX 358.18.
About Synthomer PLC
Synthomer Plc is a United Kingdom-based specialty chemical company. The Company supplies lattices and specialty emulsion polymers for markets, including paper and board, constructions and coatings, health and protection, functional polymers, performance polymers, and carpet, compounds and foam. It operates in segments, including Europe and North America (ENA) and Asia and Rest of World (ARW).
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